Why bail out GM?

http://smartpei.typepad.com/robert_patersons_weblog/
At some point it became clear in the Soviet Union that in spite of a charismatic new leader, that the SYSTEM, could not be saved. At some point in the 5th century, it was clear that Rome, as a ( Read more... )

This is one of those "duh" moments.
Greenspan admits error
Facing a firing line of questions from Washington lawmakers, Alan Greenspan, the former Federal Reserve chairman once considered the infallible maestro of the financial system, admitted on Thursday that he “made a mistake” in trusting that free markets could regulate themselves without ( Read more... )

The NY Times has this piece by Paul Krugman:
The Dow is surging! No, it’s plunging! No, it’s surging! No, it’s ( Read more... )

Warren Buffett says... buy American - STOCK.
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One of the interesting things I've been noticing is the behavior of the stock market. It's very volatile right now; the least little piece of bad news sets everything in a downward trend. One of the reasons for this is that people in general are not thinking about what they're doing; they're simply reacting in a highly emotional manner ( Read more... )

I mentioned last night I'd return to this.

The Bailout.
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Some viewpoints on the Bailout

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I've read a lot of reports on the cause of the current financial mess. And I do mean a lot. Hundreds of ideas about what caused it and why.

So, one of my questions is, does it matter? Will new regulations change things? Or will the current crop of buffooned idiots simply find new fields to destroy?

Here are a couple of interesting ideas -

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From Hank Williams Jr
"A Country Boy Can Survive"
The preacher man says its the end of time ( Read more... )

Giving people ownership rights in marine fisheries can halt or even reverse catastrophic declines in commercial stocks
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